In this year-end review we analyze the 2024 market performance using Relative Rotation Graphs (RRGs), highlighting key turning points in sectors and stocks. Bitcoin led with a 130% gain, while the SPX gained 23.3%, experiencing several corrections. XLC (Communications) and XLF (Financials) significantly outperformed, along with XLY (Consumer Discretionary). Gold also performed well but ended the year looking to underperform the SPX heading into the new trading year. Current sector leadership rests with XLY, XLC, and XLF, while others mostly lag. The XLK has been reluctant to move into a Leading condition but shows potential for moving towards the Leading Quadrant.
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Terry Long
Research Director
Terry is a retired Senior Economist from ExxonMobil Chemical and now brings his corporate experience, technical insight, and passion for technical analysis to the TradingAnalysis Team. As a prior TradingAnalysis member, he provides the perspective of the membership and strives to enhance the membership experience as evidenced by his role as Research Director. His current specialty focus is Sector Rotational Analysis, where he is using the powerful Optuma™ platform to engage our clients with Relative Rotation Graph analysis. Click Here To Learn More about Terry Long